I DON'T BUY THE HAPPY FACE SCENARIOS...
OK...THEY GAVE GOLDMAN 12 TRILLION TO GOOSE THE STOCK BUBBLE...
BUT...WHAT ABOUT MANUFACTURING...IT'S COLLAPSING IN THE US...NOT JUST THE JOBS ARE LEAVING...THE PLANT AND EQUIPMENT ARE LEAVING TOO...
THIS NOTION THAT ALL WE NEED IS ANOTHER ASSET BUBBLE AND EVERYTHING WILL BE PEACHY IS BULLSHIT...
BULLSHIT FROM THE LEFT IS NO BETTER THAN BULLSHIT FROM THE RIGHT...
KRUGMAN NEEDS TO TAKE A FEW MORE WALKS ON MAIN STREET...AND GET OUT OF HIS OFFICE MORE...
JUST LIGHTING CANDLES IN THE TEMPLE OF KEYNES...IS NOT GOING TO DO IT THIS TIME...
KEYNESIAN ECONOMICS WORKS FOR CYCLICAL DEPRESSIONS...NOT FOR A STRUCTURAL COLLAPSE...
